Seems like One Dock St. Officially stands at 374 ft. My estimation seems to have been spot on!

I really like that project on Germantown Ave. Looks sharp and incorporates existing buildings well.
The Spice st. project took me by surprise. I don't think we've seen ANY dense development in that part of the city.
Lastly, that Drexel addition is going to be cool. I am in the dorm up the street so I should be able to give updates until June. The existing building has been being rehabbed for awhile now.

Seems like One Dock St. Officially stands at 374 ft. My estimation seems to have been spot on!

I really like that project on Germantown Ave. Looks sharp and incorporates existing buildings well.
The Spice st. project took me by surprise. I don't think we've seen ANY dense development in that part of the city.
Lastly, that Drexel addition is going to be cool. I am in the dorm up the street so I should be able to give updates until June. The existing building has been being rehabbed for awhile now.

I actually live over in Cedar Park. I'm seeing an increase of infill projects, but you're absolutely right: nothing significantly dense has broken ground thus far. I think that this will change in the near future, as Penn has expanded its mortgage program as far west as 56th Street. With so little open space available in Spruce Hill, Squirrel Hill, and most of Cedar Park and Walnut Hill, I wouldn't be surprised to see more dense developments coming on the larger lots soon!

Here's something that baffles me, however: how come we haven't seen large-scale development on Market Street (especially between 40th and 52nd Streets) to the same tune that we're seeing along Front Street and even Kensington Avenue? There are HUGE parcels near El stops, especially 4600 Market (currently a huge grass lot).

I actually live over in Cedar Park. I'm seeing an increase of infill projects, but you're absolutely right: nothing significantly dense has broken ground thus far. I think that this will change in the near future, as Penn has expanded its mortgage program as far west as 56th Street. With so little open space available in Spruce Hill, Squirrel Hill, and most of Cedar Park and Walnut Hill, I wouldn't be surprised to see more dense developments coming on the larger lots soon!

Here's something that baffles me, however: how come we haven't seen large-scale development on Market Street (especially between 40th and 52nd Streets) to the same tune that we're seeing along Front Street and even Kensington Avenue? There are HUGE parcels near El stops, especially 4600 Market (currently a huge grass lot).

Several of the industrial properties surrounding the tracks south of Cedar Park have either traded recently or are for sale right now. Wholesalers have been hawking some of the larger properties in Squirrel Hill. A wave will be coming-- part of the problem is that there is prohibitive zoning on a lot of those parcels and I know you know that there is a contingent of folks in that area that will oppose any zoning variance simply for the fact that they hate the idea of a person making a dollar and/or private property in general.

There is development imminent between 40th and 52nd-- 4300 block is getting a 43 unit building soon, Penn Medicine's unknown project is coming to the 4100 block, University Place IS happening despite what many think, Orens Brothers has plans for numerous properties but seem to be flipping some to other developers (I'm told 4900 Spruce is being flipped to Ironstone, not sure if true), and David Adelman is buying up more Chestnut and Sansom Street lots for those bare-bones apartment buildings he's been putting up though he has plans for one taller much nicer building that will be moving forward soon.

As far as the 46th and Market lot goes, the Enterprise Center is still in control of it and they're such a clusterfuck that they have a picture of NYC on their homepage. Despite numerous attempts and many government grants over the years, they still can't get Enterprise Heights off the ground. The latest rendering, from 2015, had a completion date on it for 2018. I think they keep it to borrow against for other projects, they have two mortgages on it right now.

Several of the industrial properties surrounding the tracks south of Cedar Park have either traded recently or are for sale right now. Wholesalers have been hawking some of the larger properties in Squirrel Hill. A wave will be coming-- part of the problem is that there is prohibitive zoning on a lot of those parcels and I know you know that there is a contingent of folks in that area that will oppose any zoning variance simply for the fact that they hate the idea of a person making a dollar and/or private property in general.

There is development imminent between 40th and 52nd-- 4300 block is getting a 43 unit building soon, Penn Medicine's unknown project is coming to the 4100 block, University Place IS happening despite what many think, Orens Brothers has plans for numerous properties but seem to be flipping some to other developers (I'm told 4900 Spruce is being flipped to Ironstone, not sure if true), and David Adelman is buying up more Chestnut and Sansom Street lots for those bare-bones apartment buildings he's been putting up though he has plans for one taller much nicer building that will be moving forward soon.

As far as the 46th and Market lot goes, the Enterprise Center is still in control of it and they're such a clusterfuck that they have a picture of NYC on their homepage. Despite numerous attempts and many government grants over the years, they still can't get Enterprise Heights off the ground. The latest rendering, from 2015, had a completion date on it for 2018. I think they keep it to borrow against for other projects, they have two mortgages on it right now.

3.0 University Place is coming to 41st and Market, and there are some other big projects pegged for Market around those blocks in the next few years.

Here's something that baffles me, however: how come we haven't seen large-scale development on Market Street (especially between 40th and 52nd Streets) to the same tune that we're seeing along Front Street and even Kensington Avenue? There are HUGE parcels near El stops, especially 4600 Market (currently a huge grass lot).

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????
We've seen plenty of talk just this year already. We've had threeprojectsannounced in the last month, with plenty more on the way.
Be patient my friend.

Some people think it's not a "real project" unless it's quite a tall tower...never mind the fact that smaller projects can be even more transformative at street level. Especially in some of the neighborhoods where some of these recent ones have been announced.

Some people think it's not a "real project" unless it's quite a tall tower...never mind the fact that smaller projects can be even more transformative at street level. Especially in some of the neighborhoods where some of these recent ones have been announced.

its not that truly

probably wish there was more jobs and in large volumes coming to Philly and thus driving another hi rise

ultimately without new jobs most other development will also happen or at least as fast

end of the day we cant keep building more residential without jobs for the people

Center City: Is this finally the year for that empty lot at 8th and Market?

Quote:

The owner of the surface parking lot at 8th and Market streets in Philadelphia may be inching closer to a development deal at the property, which was once eyed for a failed DisneyQuest project and later pitched as a site for a casino.

Goldenberg Group, the Blue Bell real estate company that has owned the 83,752-square-foot property for decades, has been receiving steady interest in the site and engaged in multiple conversation from prospective users for potential projects. “The problem is the interest is not immediate,” said Seth Shapiro, chief operating officer at Goldenberg.

In spite of the lack of urgency by prospective users, Shapiro contends there is some movement behind the scenes that may portend development on the horizon.

“It is certainly a year where we are working very hard to make something happen,” he said. “Any ground breaking is well over a year out. We love the site as much as we ever have and, given how good things are going in the city, it’s important that you do the right development there and not rush it and check a box. If you make a mistake on a corridor like that, you are living with the consequences for years and years and years. If you put the wrong uses on East Market, you don’t get a do over.”

Not really any new info, but interesting that they would publish this nonetheless. I wonder if they're trying to put pressure on a prospective tenant to make a commitment with this article by making it seem like they're willing to go with someone else and that several users are "clamoring" for space.

Not really any new info, but interesting nonetheless. I wonder if they're trying to put pressure on a prospective tenant to make a commitment with this article by making it seem like they're willing to go with someone else.

I cannot stress how tall a building at this site has to be. This is literally the best site in the entire city for a supertall due to its transit connectivity and central location.
If they end up doing a half office-half hotel/residential I think they would stand to make a pretty penny.

I've said it before and it bears repeating that 8th and Market MUST have a major office component for it to be the large high rise we all want. Philadelphia doesn't get 700+ foot residential buildings - and if it were, certainly not at this location.

The East Market project at 11th and Market is great but I'd be really disappointed if something of that scale was built at Disneyhole. That site should be able to accommodate two, even maybe three 500+ footers. But again, unless a major commercial tenant is found, you're not going to be able to fill that much space with residential as the primary driver.

And a big part of maintaining Market East's viability as a commercial district rests on filling up the Aramark Tower or whatever they're calling it now. Has Jefferson filled that space? Is it now the Jefferson Tower?

I've said it before and it bears repeating that 8th and Market MUST have a major office component for it to be the large high rise we all want. Philadelphia doesn't get 700+ foot residential buildings - and if it were, certainly not at this location.

The East Market project at 11th and Market is great but I'd be really disappointed if something of that scale was built at Disneyhole. That site should be able to accommodate two, even maybe three 500+ footers. But again, unless a major commercial tenant is found, you're not going to be able to fill that much space with residential as the primary driver.

And a big part of maintaining Market East's viability as a commercial district rests on filling up the Aramark Tower or whatever they're calling it now. Has Jefferson filled that space? Is it now the Jefferson Tower?

I believe Jeff has or will fill all of the space vacated by Aramark. Not having an office component also fails to fully leverage the areas stellar transit connections. My ideal project has at least two towers with one office 500,000 sqft+ and one residential portion with apartments and a hotel connected by a retail podium. Basically, I want a smaller version of Liberty Place on this site.

__________________
"It's like a giant ball of peanut butter with a stick of Dynamite in the middle."

8th and Market would be great but this city isn't the greatest at filling up office space unfortunately. I think the site would do well to have one primarily office-based tower.
But if it was easy to fill up office space here, projects like 1301 Market would have already been a go.